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Pricing

2022
Exports $35.3MWorld Rnk 16 / 105
Flag Rnk 547 / 1204
2022
Destination $12.9M Iraq
2021 - 2022
FASTEST GROWING MARKET $12.9MIraq
2022
PRODUCT COMPLEXITY IN Detonating Fuses-0.59Rnk 721 / 1025
2022
Imports $26MWorld Rnk 19 / 185
Flag Rnk 792 / 1213
2022
Origin $12.6M United Kingdom
2021 - 2022
FASTEST GROWING ORIGIN $12.6MUnited Kingdom
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $35.3M in Detonating Fuses, making it the 16th largest exporter of Detonating Fuses in the world. At the same year, Detonating Fuses was the 547th most exported product in South Korea. The main destination of Detonating Fuses exports from South Korea are: Iraq ($12.9M), Indonesia ($11.6M), Saudi Arabia ($2.66M), Turkey ($2.22M), and United States ($1.35M).

The fastest growing export markets for Detonating Fuses of South Korea between 2021 and 2022 were Iraq ($12.9M), Saudi Arabia ($2.03M), and Turkey ($1.12M).

Imports In 2022, South Korea imported $26M in Detonating Fuses, becoming the 19th largest importer of Detonating Fuses in the world. At the same year, Detonating Fuses was the 792nd most imported product in South Korea. South Korea imports Detonating Fuses primarily from: United Kingdom ($14M), United States ($4.47M), Sweden ($4.15M), Canada ($1.36M), and Israel ($518k).

The fastest growing import markets in Detonating Fuses for South Korea between 2021 and 2022 were United Kingdom ($12.6M), Sweden ($1.36M), and Canada ($595k).

COMPANIES In 2023, leading companies such as Samsung (1) were at the forefront of shipping Detonating Fuses from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Detonating Fuses exports accounted up to $4.53M and imports accounted up to $959k, resulting in a positive trade balance of $3.57M. Between July 2023 and July 2024 the exports of South Korea's   Detonating Fuses have increased by $184k (4.24%) from $4.34M to $4.53M, while imports increased by $393k (69.4%) from $566k to $959k.

Destinations In July 2024, Detonating Fuses were exported mostly to Indonesia ($1.73M), Saudi Arabia ($660k), United States ($592k), Australia ($475k), and Chile ($421k), and were imported mostly from India ($458k), United States ($336k), Australia ($131k), Czechia ($29k), and Austria ($5k).

Growth In July 2024, the increase in Detonating Fuses's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the increase in Detonating Fuses's year-by-year imports was explained primarily by an increase in imports from Sweden ($206k or 19.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$184k(4.24%)
IMPORT GROWTH (July 2023 - July 2024)$393k(69.4%)
MAIN DESTINATION (July 2024)Indonesia$1.73M

This section shows Detonating Fuses's exports and imports data at subnational level for South Korea. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Detonating Fuses over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$35.3M
IMPORTS (2022)$26M
NET TRADE (2022)$9.28M

In 2022, South Korea exported $35.3M in Detonating Fuses. The main destinations of South Korea exports on Detonating Fuses were Iraq ($12.9M), Indonesia ($11.6M), Saudi Arabia ($2.66M), Turkey ($2.22M), and United States ($1.35M).

In 2022, South Korea imported $26M in Detonating Fuses, mainly from United Kingdom ($14M), United States ($4.47M), Sweden ($4.15M), Canada ($1.36M), and Israel ($518k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Detonating Fuses EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Iraq$12.9M (1%)
Saudi Arabia$2.03M (326%)
Turkey$1.12M (102%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Detonating Fuses BY South Korea WERE (2021 - 2022):
Switzerland-$956k (-100%)
Australia-$890k (-61.6%)
Guinea-$809k (-99%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Detonating Fuses were:
United States $286M
Czechia $198M
Canada $181M
In 2022, South Korea's main importing competitors in Detonating Fuses were:
United States $309M
China $105M
Australia $93.7M

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Trade Value of Detonating Fuses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.23M
TOP IMPORT POTENTIALCanada+ $610k

Detonating Fuses’s highest export potential is United States. With an export gap of $1.23M.   Detonating Fuses’s highest import potential is Canada with an import gap of $610k.

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